3 Bed Terraced House, Single Let, Consett, DH8 7HW, £85,000

Woody Close, Delves Lane, Consett, Durham, DH8 7HW - 1 views - a year ago

BTL
ROI: 11%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£62K - £231K
Sold Prices/m²£597/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£103,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£600 - £2,850

Rent Estimate

£650

Running Costs/mo

£416

Cashflow/mo

£234

Cashflow/yr

£2,813

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £62K to £231K, average is £116.3K. £597/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£72.5K12/200.05 mi117, Castledene Road, Consett, County Durham DH8 7HL3
£69K10/210.06 mi39, Woody Close, Consett, County Durham DH8 7HN3
£95K10/210.09 mi71, Castledene Road, Consett, County Durham DH8 7HH3
£80K12/200.1 mi57, Iveston Road, Consett, County Durham DH8 7HR3
£65K03/210.1 mi7, Pontop View, Consett, County Durham DH8 7JB3
£70K01/210.15 mi50, Old Hall Road, Consett, County Durham DH8 7HU3
£107K06/230.15 mi56, Old Hall Road, Consett, County Durham DH8 7HU3
£90.5K07/210.19 mi30, Lumley Drive, Consett, Durham DH8 7DS3
£95K02/230.2 mi133, Castledene Road, Consett, County Durham DH8 7DZ3
£69K03/230.2 mi8, Shafto Close, Consett, County Durham DH8 7JD3
£145K03/230.25 mi43, Chapel Drive, Delves Lane, Consett, County Durham DH8 7EW3
£138K05/230.26 miSunnybrae, Delves Lane, Consett, County Durham DH8 7ER3
£62K02/210.28 mi28, Fairfield, Consett, County Durham DH8 7HA3
£65K02/230.28 mi8, Fairfield, Consett, County Durham DH8 7HA3
£159K02/210.29 mi4, Bainbridge Close, Consett, Durham DH8 7EG3
£104K02/230.3 mi24, Gloucester Road, Consett, County Durham DH8 7LL3
£77K03/210.3 mi22, Gloucester Road, Consett, County Durham DH8 7LL3
£70K10/210.31 mi41, Berksyde, Consett, County Durham DH8 7LJ3
£88.3K05/230.33 mi18, Third Street, Crookhall, Consett, County Durham DH8 7LT3
£170K02/230.33 mi4, Horton Close, Consett, County Durham DH8 7EN3
£142.3K02/230.33 mi101, Greenways, Consett, County Durham DH8 7DH3
£178K02/230.36 mi162, Greenways, Consett, County Durham DH8 7DW3
£158K11/200.39 mi17, Douai Drive, Consett, County Durham DH8 7DN3
£127.1K03/210.39 mi20, Deepdale Drive, Consett, County Durham DH8 7EH3
£95.5K03/210.39 mi24, Lea Side, Consett, County Durham DH8 7AD3
£125K08/230.39 mi30, Lea Side, Consett, County Durham DH8 7AD3
£175K09/210.39 mi87, Redmire Drive, Consett, County Durham DH8 7EL3
£168K02/230.4 mi42, College View, Consett, County Durham DH8 7DP3
£180K01/210.41 mi17, Redmire Drive, Consett, Durham DH8 7EL3
£119K04/230.46 mi56, Pixley Dell, Delves Lane, Consett, County Durham DH8 7DB3
£145K02/230.47 mi39, Askrigg Close, Consett, County Durham DH8 7EF3
£170K12/220.5 mi80, Holwick Close, Consett, County Durham DH8 7UJ3
£204K06/230.52 mi34, Grassholme Close, Consett, County Durham DH8 7UL3
£231K08/230.52 mi14, Grassholme Close, Consett, County Durham DH8 7UL3
£214.5K02/230.56 mi14, Middleton Close, Consett, County Durham DH8 7UQ3
£200K11/220.58 mi19, Middleton Close, Consett, County Durham DH8 7UQ3
£122.5K09/210.62 mi63, Langdon Close, Consett, Durham DH8 7NG3
£115.5K12/200.62 mi43, Langdon Close, Consett, Durham DH8 7NG3
£141K04/230.66 mi17, Meadow Rise, Consett, County Durham DH8 6NS3
£100K03/210.66 mi8, West Parade, Consett, County Durham DH8 5RR3
£65K05/230.68 mi25, Taylor Street, Consett, County Durham DH8 5RS3
£105K01/210.68 mi10, Taylor Street, Consett, Durham DH8 5RS3
£75.5K01/230.68 mi18, Taylor Street, Consett, County Durham DH8 5RS3
£97K12/200.75 mi21, Southernwood, Consett, Durham DH8 6GD3
£105K03/210.76 mi9, Ash Grove, Consett, Durham DH8 6EB3
£120K08/210.76 mi22, Steadings Court, Consett, Durham DH8 6GA3
£117K06/230.77 mi6, Palmerston Street, Consett, County Durham DH8 5RF3
£140K01/230.79 mi8, Cardoon Road, Consett, County Durham DH8 6GG3
£130K03/230.79 mi12, Cardoon Road, Consett, County Durham DH8 6GG3
£115K07/210.8 mi6, Park Avenue, Consett, County Durham DH8 6AS3

Local Rents

22 rents from £600/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69501/250.17 mi-3
£2,85002/250.19 mi-3
£75012/240.24 mi-3
£70012/240.25 miChapel Drive, Consett, DH83
£79012/240.38 miDeepdale Drive, Consett, DH83
£79012/240.38 mi-3
£69512/240.39 mi-3
£80001/250.39 mi-3
£79512/240.46 miAskrigg Close, Consett3
£90012/240.68 mi-3
£72512/240.75 miSpiro Court, Consett, Durham, DH83
£75012/240.78 miSteading Court, Consett3
£75012/240.87 miBluebell Close, Leadgate, Consett, DH83
£72503/250.92 mi-3
£77502/250.93 mi-3
£60012/240.98 mi-3
£65004/240.98 mi-3
£65012/240.98 miDunelm Way, Consett, DH83
£65002/240.98 mi-3
£75012/241.09 mi-3
£77003/251.09 mi-3
£72512/241.11 mi-3

Local Area Statistics

Population in DH8

38,324

Population in Consett

38,379

Town centre distance

1.08 miles away

Nearest school

0.30 miles away

Nearest train station

8.08 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £85,000

March 1, 2024

Floor Plans

Description

  • Three Bedroom Terrace +
  • No Onward Chain +
  • Ideal for First Time Buyers or Investors +
  • Approximate Floor Area 89 Sq Mtrs/ 958 Sq Mtrs +
  • Council Tax Band A +
  • EPC Rating D +

Offered to the market with the convenience of no onward chain, this spacious three bedroom mid terrace home provides well proportioned accommodation throughout and would make an ideal first time purchase or investment opportunity.

Internally, the property briefly comprises of an entrance hallway, kitchen/diner, downstairs WC, generous sized lounge with patio doors, three good sized bedrooms and a modern bathroom with separate toilet. Externally to the rear of the property is a garden and off road parking for one vehicle and to the front the property looks onto a green

Woody Close is situated just off Castledene Road in the village of Delves Lane. Within the village is a convenience store and primary school and Consett Town Centre is just over one mile away for many amenities and facilities. Excellent transport links are also accessible close by for commuters and the regional cities of Durham and Newcastle are around 12 and 15 miles away respectively.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QCO230409/2

Agent Details

YOUR MOVE Chris Stonock, Consett

01207 265949

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪